Banking is one of the most sought after career choices among the students. It is an entry into a well-paid and a secure career. Especially in the private sector banks, the salary and promotion policy is quite extensive and rewarding, therefore, a banking job makes for an excellent employment opportunity.
Career prospects for bank job aspirants
Banks provide a wealth of opportunities for entry-level students, college graduates, and experienced professionals. So, while considering a career in this sector, it is not only important to understand the requirement of a bank job but also what you can expect beyond.
There are many entry points for students in the banking industry, which include Retail Banking, Wholesale Banking, Corporate Banking and so on. While various positions offered in private banks may include Relationship Manager, Assistant Manager, Teller etc., in public sector banks, there are various positions available in clerical as well as officers’ cadre.
In fact, banks such as ICICI, HSBC, Kotak Mahindra, HDFC, Standard Chartered, Barclays, and American Express are some of the companies that hire banking students at all levels for their branches all over the world depending on their qualification and education. Thus, every year, over lakhs of aspirants try to be a part of the ever-growing banking industry in the country either through various professional courses such as MBA, PG Diploma in Banking or a Bank PO Examination.
Eligibility criteria for bank jobs
While the majority of public sector banks hire human capital on the basis of an open competitive recruitment test, private banks conduct competitive exams as well as directly hire B.Com graduates for entry-level positions within their structure. Here, having a specialisation in banking can get you brownie points in the starting of your career itself.
Candidates can undergo various courses available for banking studies from different Institutes of repute in India before applying for the public, private as well as International bank jobs. Institute of Banking & Finance (IBF), a premier institute in this space, offers two courses for banking career i.e., Global PG Diploma in Banking & Finance, a 1-year course for B.Com graduates and working professionals and Advanced Diploma in Banking & Finance + B.Com (Delhi University), a 3-year program for 12th class pass outs.
PG Diploma in Banking & Finance program aims at making a student an expert in financial planning and transactions involved in International trade by bringing the globe’s best education to Indian classrooms. Also, top-ranking students from the Institute get an opportunity to go on an Asian Banking Tour and learn from foreign banks and exchange knowledge with International students.
On the other hand, the Advanced Diploma in Banking & Finance + B.Com (Delhi University) program aims at making 12+ students an expert in banking and finance apart from securing their B.Com degrees.
Golden future ahead for bank job aspirants
The public, private, as well as International banks in the country, have huge potential to offer good career opportunities to the bank job aspirants. Hence, choosing banking as a career can be a wise option for those interested in growing fast in their careers and those who wish to get exposure to world markets at an early stage itself.
The author Amit Goyal is the Director of Institute of Banking & Finance, New Delhi. The institute prepares students to become next generation bankers through undergraduate and post graduate courses. Institute of Banking & Finance is promoted by the TKWs Group. The author can be contacted at firstname.lastname@example.org